BANK ABC announced its financial results for the six-month period ended June 30, 2026.
The conflict in the Middle East continued to be a major external factor affecting Bank ABC’s performance through the first half of 2026. Heightened geopolitical tensions placed increasing strain on global and regional economic conditions, contributing to higher inflation and commodity prices and significant disruptions to trade flows and supply chains.
This affected economic activity and business momentum to varying degrees across the markets in which the group operates. Risks remain elevated, given the potential for further escalation, continued commodity market disruptions and broader geopolitical uncertainty.
Against this challenging backdrop, Bank ABC remained focused on operational resilience and business continuity, ensuring uninterrupted service to clients, supporting the well-being of its employees and maintaining business-as-usual operations across the franchise.
At the same time, the bank continued to enhance its risk management and monitoring capabilities, enabling the proactive identification and management of potential credit, market and liquidity risks arising from the evolving environment.
Despite these unusual operating conditions, the group delivered resilient underlying operating performance, supported by the strength of its diversified footprint.
Net profit attributable to the shareholders of the parent for H1-2026 was $111 million, representing a reduction of 27 per cent year-on-year (YoY).
Underlying this, the group’s operating profit performance remained broadly in line YoY, driven by a core business revenue growth of 5pc YoY, and through disciplined cost management.
The reduction in net profit was primarily driven by a higher provision charge compared with the prior year, reflecting prudent expected credit loss (ECL) provisioning considering the prevailing macroeconomic environment, together with the absence of one-off recoveries recognised in the previous year. Capital and liquidity ratios remained robust and comfortably above regulatory requirements.
Earnings per share for the period was $0.030, compared to $0.046 in the same period last year.
Total comprehensive income attributable to the shareholders of the parent was $92m in H1 2026, a decrease of 64pc compared to $253m during the same period last year, reflecting the lower net profit during the period, negative fair value movements in the bank’s securities portfolio during the 6 months of H1 2026 as compared to the prior period and FX rate movements, mainly in BRL and EGP.
Total Operating Income for H1 2026 was $697m; a 5pc growth compared to $666m reported for the same period last year.
Equity attributable to the shareholders of the parent and perpetual instrument holders at the end of the period was $4,705m, compared to $4,718m reported at end-2025, after absorbing the impact of dividend payment.
Total assets stood at $46.9 billion as at the end of H1-2026, compared to $49.9bn at the 2025 year-end, a 6pc reduction, reflecting short-term asset and liability management fluctuations. The bank’s lending portfolio showed healthy and diversified growth with loans and advances increasing by 4pc compared to end-2025.
The bank’s capital and liquidity ratios remained healthy with Tier 1 Capital ratio at 15.5pc of which CET-1 was 13.2pc, whereas LCR and NSFR were 267pc and 123pc respectively.
During the period, the bank received several prestigious industry awards underscoring its continued commitment to business excellence, client-centricity and innovation.
Looking ahead to the second half of 2026, the group will continue to monitor regional geopolitical and economic developments closely, while maintaining its focus on balance sheet strength, risk discipline and supporting clients across its core markets.
Commenting on the H1 2026 results, Bank ABC Group chairman Naji Belgasem said: “While global uncertainty remains elevated and has impacted certain of our key markets, business activity proved resilient across other parts of the group. We remain focused on maintaining operational stability and prudent risk management. As we enter the second half of 2026, Bank ABC is well-positioned, underpinned by its strong fundamentals and well-diversified business model, to continue serving as a trusted financial partner to our customers. The group remains fundamentally strong, with a strong capital position and healthy liquidity ratios to safeguard long-term shareholder value.”
Mr Belgasem
Consolidated net profit attributable to the shareholders of the parent for the 3 months of Q2-2026 was $59m, a reduction of 22pc compared to $76m reported for the same period last year, mainly due to a higher provision charge arising from the prevalent macro economic uncertainties.
Earnings per share for the period was $0.016, compared to $0.024 in the same period last year.
Total comprehensive income attributable to the shareholders of the parent was $165m in Q2 2026, a 67pc increase compared to $99m during the same period last year, mainly due to the positive fair value movements in the bank’s securities portfolio during the 3 months of Q2 2026, which recovered from the sharp decline witnessed at end Q1 2026. These were partially offset by FX rate movements in BRL and lower Profits as compared to the same period last year.
Total operating income for Q2 2026 was $353m; a 4pc growth compared to $338m reported for the same period last year.
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